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Dec 29, 2012
12/12
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cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and does washington still, the stock market burns. dropping for a sixth-straight day under this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >> reporter: what the senate leaders hope to do is put together this deal, bring it to the senate tomorrow. then, the house comes back in session tomorrow night. they can vote on any deal passed by the senate. but bianna, no one is holding their breath here in washington. >> no one is, indeed. >>> for more on the big white house meeting, we want to bring in john avlon, political columnist at "the daily beast." a busy man covering all of this. how do you see this playing out? >> we're three days out. nothing focuses than the prospect of being hanged. today, bianna, is the key day. saturday, today, the senators are mee
cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and does washington still, the stock market burns. dropping for a sixth-straight day under this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >> reporter: what the senate leaders hope to do is put...
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Nov 25, 2012
11/12
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cliff. let's bring in george stephanopoulos. >> congress has gone home to the districts, any optimism that cooler heads will prevail and we'll see movement toward a deal quickly? >> there are only five weeks left. everything has to happen before december 31st. the president has had his first meetings with the top congressional leaders. there's a fair amount of optimism that something will get done before the end of the year. maybe a down payment on deficit reduction combined with a commitment to hit the big numbers. >> in addition to the fiscal cliff, some big vacancies coming up in the president's cabinet the state department, the treasury, even the cia, the general petraeus scandal, three vacancies now. >> and there's likely to be more shuffling in the president's cabinet. the president has signaled is favorite likely to be u.n. ambassador susan rice for secretary of state, she's faced a lot of opposition in house this week, republicans signed a letter not to appoint susan rice. the presid
cliff. let's bring in george stephanopoulos. >> congress has gone home to the districts, any optimism that cooler heads will prevail and we'll see movement toward a deal quickly? >> there are only five weeks left. everything has to happen before december 31st. the president has had his first meetings with the top congressional leaders. there's a fair amount of optimism that something will get done before the end of the year. maybe a down payment on deficit reduction combined with a...
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Nov 25, 2012
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to hit the big numbers before the end of next year. >> in addition to the fiscal cliff, there's some big vak kis coming up in the president's cabinet, as well. we have the state department, we have treasury. those two we expected, even the cia now, the general petraeus scandal, three vacancies. >> three big ones at least and there's likely to be more shuffling. of course, the big controversy right now over who is going to replace hillary clinton at the state department. the president has signaled is favorite to be ambassador susan rice and faced opposition in the senate and house. this week, 97 house republicans signed a letter telling the president don't appoint susan rice. she came out this week and defended herself and the president indicated he would like to pick her although he said he didn't make a final decision. i believe if he went for it despite the controversy over what happened in benghazi he would get her through. the leading candidate for treasury is probably the white house chief of staff jack lew. although that might not be announced until after the fiscal cliff negot
to hit the big numbers before the end of next year. >> in addition to the fiscal cliff, there's some big vak kis coming up in the president's cabinet, as well. we have the state department, we have treasury. those two we expected, even the cia now, the general petraeus scandal, three vacancies. >> three big ones at least and there's likely to be more shuffling. of course, the big controversy right now over who is going to replace hillary clinton at the state department. the...
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cliff at year's end. it would raise the eligibility for medicare lower. but the plan would keep all bush-era tax cuts in place, including those for the wealthy. the president says that is a deal-breaker. >>> and the editor in chief at "vogue" magazine could become a top debit. bloomberg reporting that president obama may nominate anna wintour, as the next ambassador to either britain or france. she was among the president's top campaign fund-raisers. >>> and this morning, a powerful teachers union is trying to raise the bar for teachers, calling for a tough, certification test, not unlike the bar exam for lawyers. the federation of teachers want to maintain a 3.0 grade point average and have ten hours of field experience. sound like good ideas. >>> the flu season has arrived already. the earliest in nearly a decade. officials are warning the primary strain making the rounds right now is more severe than others, especially for the elderly. >>> finally, a reminder. never a good idea to show off. a man who w
cliff at year's end. it would raise the eligibility for medicare lower. but the plan would keep all bush-era tax cuts in place, including those for the wealthy. the president says that is a deal-breaker. >>> and the editor in chief at "vogue" magazine could become a top debit. bloomberg reporting that president obama may nominate anna wintour, as the next ambassador to either britain or france. she was among the president's top campaign fund-raisers. >>> and this...
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Dec 30, 2012
12/12
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KGO
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we begin with that fiscal cliff hanger in washington, d.c. there are now just two days left until automatic tax hikes and severe budget cuts go into effect. president obama is urging democrats and republicans to reach a deal. senate leaders are working on a last-minute compromise. that could be voted on tomorrow. >>> a horrific accident in mississippi. six people including five children were killed when their suv plunged into a creek yesterday. the children were all related. police say four other adults including the parents of those children managed to escape the cause of that accident is under investigation. >>> and stunning video of a plane crash outside of moscow, russia, the passenger plane overshot the runway and slammed into a highway yesterday. amazing video. four of the eight crew members on board were killed. there were no passengers on the plane and no one on the highway was hurt. the cause of that crash is under investigation. >>> and finally, a celebration at the vatican. about 40,000 young pilgrims from all across europe attende
we begin with that fiscal cliff hanger in washington, d.c. there are now just two days left until automatic tax hikes and severe budget cuts go into effect. president obama is urging democrats and republicans to reach a deal. senate leaders are working on a last-minute compromise. that could be voted on tomorrow. >>> a horrific accident in mississippi. six people including five children were killed when their suv plunged into a creek yesterday. the children were all related. police say...
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. >>> the latest on that fiscal cliff. everyone's taxes set to go up in just 27 days if congress and the white house can't strike a deal. and publicly, at least, president obama is taking a harder line with every day that goes by. abc's jake tapper is covering it all from the white house. and it's clear that president obama believes he has the upper hand here. >> reporter: he sure does, george. and later today, president obama will speak to corporate executives at the business roundtable. and he'll try to enlist their help in his negotiations with congressional republicans. and his latest demand, that congress remove its own power as it stands right now, to raise the debt ceiling. it is a bold gambit that congressional republicans are already calling a non-starter. paul ryan stepped back into the spotlight late tuesday, with a feisty shot at the president. >> i congratulate him on his victory. but on january 20th, he'll face a stagnant economy and a fiscal mess. you might even say he'll inherit these problems. >> reporter:
. >>> the latest on that fiscal cliff. everyone's taxes set to go up in just 27 days if congress and the white house can't strike a deal. and publicly, at least, president obama is taking a harder line with every day that goes by. abc's jake tapper is covering it all from the white house. and it's clear that president obama believes he has the upper hand here. >> reporter: he sure does, george. and later today, president obama will speak to corporate executives at the business...
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Dec 30, 2012
12/12
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cuts of the fiscal cliff. cry from a grand bargain that democrats and republicans were hopeful about. will playe redskins tonight. the redskins can still get in with a loss, but they will need help in the early game. how many layers of burgundy and gold will you need to wear? dave is standing by. bulk if you are going out there. the few women snow showers from yesterday's storm. in the sunshine. 33 at dulles. we have windchill values in the 20's. l be a chilly day from to end.g our high temperatures will be .0's 2 40's about 33 degrees. the winds will start to subside in the overnight hours. lots of layers of burgundy and gold. of the year, seasonally cool. 42-46. may be a mix of rain and snow. thereafter, keep that lead burgundy.
cuts of the fiscal cliff. cry from a grand bargain that democrats and republicans were hopeful about. will playe redskins tonight. the redskins can still get in with a loss, but they will need help in the early game. how many layers of burgundy and gold will you need to wear? dave is standing by. bulk if you are going out there. the few women snow showers from yesterday's storm. in the sunshine. 33 at dulles. we have windchill values in the 20's. l be a chilly day from to end.g our high...
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Dec 23, 2012
12/12
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. >> fiscal cliff chaos. >> it's not the outcome that i wanted, but that was the will of the house. >> after speaker boehner's stinging defeat, is there any way to salvage a deal and strengthen our economy? >> how we get there, god only knows. >> i actually still think we can get it done. >> the science from the nra. >> blood-soaked films out there. violent video games. the national media machine. the only thing that stops a bad guy with a gun is a good guy with a gun. >>> and a new pick for secretary of state.
. >> fiscal cliff chaos. >> it's not the outcome that i wanted, but that was the will of the house. >> after speaker boehner's stinging defeat, is there any way to salvage a deal and strengthen our economy? >> how we get there, god only knows. >> i actually still think we can get it done. >> the science from the nra. >> blood-soaked films out there. violent video games. the national media machine. the only thing that stops a bad guy with a gun is a good...
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Dec 10, 2012
12/12
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KGO
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. >>> we turn now to the fiscal cliff. just 22 days before everyone's taxes go up, every government program is cut. there's a bit of hope that a deal to avoid the consequences could be coming, sparked by the first meeting in weeks between the president and john boehner. jake, what do we know about the meeting? >> reporter: they spoke on the phone on friday and set up a meeting for yesterday. speaker boehner did come here. and though i don't think there's any reason to believe we're really close to a deal, progress has been made, though one side of the talks staaid that that progress is fragile. >> we're getting close to the point, really, by tend of the week, if they're not a lot closer, it might be too hard to do by the end of the year. >> there could be a quick fix solution. republicans agree to keep the tax cuts in place for the 98% of the country. avoid tax cuts for a few month, go take winter break. that would not be a long-term solution but would avert the fiscal cliff. >> hillary clinton's future, talking about her
. >>> we turn now to the fiscal cliff. just 22 days before everyone's taxes go up, every government program is cut. there's a bit of hope that a deal to avoid the consequences could be coming, sparked by the first meeting in weeks between the president and john boehner. jake, what do we know about the meeting? >> reporter: they spoke on the phone on friday and set up a meeting for yesterday. speaker boehner did come here. and though i don't think there's any reason to believe...
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Nov 30, 2012
11/12
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KGO
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. >>> now, the stalemate in washington over the fiscal cliff. everyone's taxes are set to go up in just over a month if congress and the white house fail to reach a deal. and the talks blew up yesterday, after republicans dismissed the latest offer from secretary tim geithner. just listen to house speaker john boehner and senate majority leader, harry reid. >> listen this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. >> i don't understand his brain. so, you should ask him. okay? >> tough words there. abc's jon karl is covering this all from capitol hill. jon, as we said, senate republican leader mitch mcconnell says he laughed out loud at geithner's offer. break down the offer from the white house and the republican objections. >> reporter: not only did he laugh out loud, the speaker saying it's unrealistic. the key is $1.6 trillion in tax increases over the next ten years. $50 billion in additional stimulus spending. $400 billion in medicare cuts. but unspecified over the ne
. >>> now, the stalemate in washington over the fiscal cliff. everyone's taxes are set to go up in just over a month if congress and the white house fail to reach a deal. and the talks blew up yesterday, after republicans dismissed the latest offer from secretary tim geithner. just listen to house speaker john boehner and senate majority leader, harry reid. >> listen this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult...
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. >> is a deal still possible on the fiscal cliff? does either side have a viable fallback? what will this brinksmanship
. >> is a deal still possible on the fiscal cliff? does either side have a viable fallback? what will this brinksmanship
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. >>> we're 23 days and counting until the nation falls off the fiscal cliff. president obama and house speaker boehner are going on with negotiations. >> we had another week of massive trash-talking, are we closer or further away from getting a deal? >> they're not really talking right now. that's what's most incredible. there were speeches all week long. lot of ads on television. less than an hour of negotiations. one-hour phone call between to president obama and house speaker boehner. democrats say they're not going to move until the republicans say they're going to be for higher tax rates on the wealthy. and spending cuts. republicans aren't going to come forward until the democrats say more about how they want to cut spending. right now, we're stuck. now, it could be the well that is getting poisoned right now, as positions are going to harden with all of these negotiations they sometimes with most fire before they break. the debt limit, president obama said that he's not going to negotiate at all over the debt limit. i don't know how you can get that res
. >>> we're 23 days and counting until the nation falls off the fiscal cliff. president obama and house speaker boehner are going on with negotiations. >> we had another week of massive trash-talking, are we closer or further away from getting a deal? >> they're not really talking right now. that's what's most incredible. there were speeches all week long. lot of ads on television. less than an hour of negotiations. one-hour phone call between to president obama and house...
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Dec 27, 2012
12/12
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>> we are already virtually certain we're going to go over this fiscal cliff. these guys suddenly came to an agreement over the next few days, they could pass it at the beginning of january. but i wouldn't be optimistic about that. >> jonathan karl, i have a feeling i'll see you here around 7:07 tomorrow morning. thank you, jon. >>> let's go to paula faris with the other top stories develop right now. paula? >> we have an update on 41. we begin with growing concern about the health of former president george h.w. bush. he has suffered a setback. mr. bush is in intensive care after doctors were unable to lower his fever. and they still don't know what's causing it. they've now placed him on a liquids-only diet. they are not explaining why. mr. bush was admitted to the hospital november 23rd for bronchitis. doctors say they remain cautiously optimistic about his recovery. >>> and toyota has agreed to pay more than $1 billion -- that's "b" as in boy, to settle a class-action lawsuit from drivers who say their cars sped up without warning. abc's brian ross was the
>> we are already virtually certain we're going to go over this fiscal cliff. these guys suddenly came to an agreement over the next few days, they could pass it at the beginning of january. but i wouldn't be optimistic about that. >> jonathan karl, i have a feeling i'll see you here around 7:07 tomorrow morning. thank you, jon. >>> let's go to paula faris with the other top stories develop right now. paula? >> we have an update on 41. we begin with growing concern...
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Dec 31, 2012
12/12
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as washington teeters on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> reporter: the republican and democratic senate leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a counteroffer. it appears that there are things that stop us from moving forward. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i also placed a call to the vice president to see if he could help jump-start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: and with that, vice president biden has now emerged as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to go up on t
as washington teeters on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> reporter: the republican and democratic senate leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying he was unable to even counter the latest republican offer. >> at this stage,...
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Nov 10, 2012
11/12
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. >> reporter: it sounded like a deal to avoid that fiscal cliff of tax hikes, $3,700 for the average family, and massive spending cuts, all possibly sending us back into recession. it sounded like a deal is possible. but then -- >> i refuse to accept any approach that isn't balanced. >> reporter: that means more tax money. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> reporter: and that's the problem. the president declared the election proof that americans agree with his approach, including the rich paying more, even though the congressional budget office says letting taxes increase for the rich, could cost 200,000 jobs. >> it would be a negative. but it would be digestible. and i think at the end of the day, necessary to address our long-term fiscal policy. >>> the opening negotiating position from the republicans seems to be, don't increase tax rates. but get rid of some deductions to bring in more tax money. that may not be enough to keep us from going over that fiscal cliff. but that fall may be enough to force political lead
. >> reporter: it sounded like a deal to avoid that fiscal cliff of tax hikes, $3,700 for the average family, and massive spending cuts, all possibly sending us back into recession. it sounded like a deal is possible. but then -- >> i refuse to accept any approach that isn't balanced. >> reporter: that means more tax money. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> reporter: and that's the problem. the...
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Dec 28, 2012
12/12
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cliff in washington. president obama has called the top congressional leaders to the white house this afternoon, for the first talks in more on a month. but hope for a new deal is fading. the senate majority leader is accusing the speaker of running a dictatorship if there's no deal within four days. just about every american will see their taxes go on up. >>> and this morning, more snow is threatening to make holiday travel difficult for millions of americans. as sam has been telling us, snow is falling across the upper midwest and will be moving into the northeast tomorrow. meantime, the recovery from the last storm is just beginning. 135,000 homes and businesses still without power in arkansas alone. many of them could be in the dark through next week. >>> and this morning, russian president vladimir putin has signed a highly controversial bill which bans americans from adopting russian children. dozens of pending adoptions now frozen, even cases where children -- this is heartbreaking -- were just day
cliff in washington. president obama has called the top congressional leaders to the white house this afternoon, for the first talks in more on a month. but hope for a new deal is fading. the senate majority leader is accusing the speaker of running a dictatorship if there's no deal within four days. just about every american will see their taxes go on up. >>> and this morning, more snow is threatening to make holiday travel difficult for millions of americans. as sam has been telling...
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Dec 26, 2012
12/12
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and they can try once again to negotiate a deal to avoid the fiscal cliff by the end of the year. just about every american family will see their taxes increase on january 1 unless a deal is reached. lawmakers are expressing little optimism so far. meantime, the president spent christmas in hawaii, visiting a local marine base, thanking more than 100 troops and their families for their service. >>> and this morning, the taliban is claiming responsibility for a suicide bombing at a major u.s. base in eastern afghanistan. three afghans, including a guard at camp chatman were killed in today's explosion. >>> back here at home, former major league baseball player andruw jones is free on bail this morning. he was arrested near atlanta early christmas morning on a battery charge, after police responded to a call about a domestic dispute with his wife. >>> and netflix, they are apologizing for a christmas outage in its video streaming service. it happened on christmas, a little untimely. it took ten hours to resolve the problem, which affected subscribers across the country. the company
and they can try once again to negotiate a deal to avoid the fiscal cliff by the end of the year. just about every american family will see their taxes increase on january 1 unless a deal is reached. lawmakers are expressing little optimism so far. meantime, the president spent christmas in hawaii, visiting a local marine base, thanking more than 100 troops and their families for their service. >>> and this morning, the taliban is claiming responsibility for a suicide bombing at a...
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Nov 10, 2012
11/12
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less than two months until that fiscal cliff. the president has invited congressional leaders to come to the white house next week. both sides are talking compromise. but both also put stakes in the ground. >> thank you, everybody. >> reporter: if you listen to the president -- >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> reporter: and the speaker of the house -- >> everything, on the revenue side and the spending side has to be looked at. >> reporter: it sounded like a deal to avoid that fiscal cliff of tax hikes, $3,700 for the average family, and massive spending cuts, all possibly sending us back into recession. it sounded like a deal is possible. but then -- >> i refuse to accept any approach that isn't balanced. >> reporter: that means more tax money. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> reporter: and that's the problem. the president declared the election proof that americans agree with his approach, including
less than two months until that fiscal cliff. the president has invited congressional leaders to come to the white house next week. both sides are talking compromise. but both also put stakes in the ground. >> thank you, everybody. >> reporter: if you listen to the president -- >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> reporter: and the speaker of the house -- >> everything, on the revenue side and the spending...
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Dec 22, 2012
12/12
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. >>> we turn, now, to the fiscal cliff getting closer. just ten days until everybody's taxes go up and spending cuts kick in. and washington's a ghost town with no deal in sight. talks halted until after christmas, leaving just a few days to bang out some kind of plan before the deadline. abc's david kerley has the latest from the white house. david, before leaving us on the holidays with his family, the president urged lawmakers to find some common ground for these coming days. but it doesn't seem to be happening right now. >> reporter: the president in that same message, gave up on the big deal for right now. he wants a stop-gap measure to keep taxes from going up. and a framework for a deal next year. and the president's not in this house, either. this morning, the president arrived in his home state of hawaii for the holidays. before leaving, he told members of congress to cool down. have some eggnog and christmas cookies and come back and make a deal. >> nobody can get 100% of what they want. and this is not simply a contest between
. >>> we turn, now, to the fiscal cliff getting closer. just ten days until everybody's taxes go up and spending cuts kick in. and washington's a ghost town with no deal in sight. talks halted until after christmas, leaving just a few days to bang out some kind of plan before the deadline. abc's david kerley has the latest from the white house. david, before leaving us on the holidays with his family, the president urged lawmakers to find some common ground for these coming days. but...
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Dec 22, 2012
12/12
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economy from going over the fiscal cliff. before leaving, the president pushed congress to approve a stripped-down measure to prevent taxes from rising for all but the wealthiest americans. >>> and a former marine held in mexico for months is back home. jon hammar was arrested trying to cross into mexico with a shotgun that belonged to his great grandfather. >>> and twinkies and other hostess snacks could be back on the store shelves soon. the company says it's close to selling its brand. and expects to have different buyers for the snack cakes and bread brands. >>> finally, a major milestone for the biggest viral video ever. psy's "gangnam style" has become the first video to reach, check this out, 1 billion views on youtube. in second place, i'm told, was a video by our friend, justin bieber. >> does the mayan end of the world prophecy didn't come true. but there are some signs. >> and by the way, my step kids corrected me. it's "gangnam style." >> what did i say? >> it's "gangnam style." for future reference, when it hits
economy from going over the fiscal cliff. before leaving, the president pushed congress to approve a stripped-down measure to prevent taxes from rising for all but the wealthiest americans. >>> and a former marine held in mexico for months is back home. jon hammar was arrested trying to cross into mexico with a shotgun that belonged to his great grandfather. >>> and twinkies and other hostess snacks could be back on the store shelves soon. the company says it's close to...
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Nov 17, 2012
11/12
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that doesn't mean we have a deal at hand to end the so-called fiscal cliff. it is big. and it affects every one of us. >> we have some urgent business to do. >> reporter: after that big white house meeting, did it feel like someone took their foot off the gas pedal as we head toward a steep cliff? >> we had a constructive meeting with the president. >> it was a constructive meeting. >> reporter: sounds like some progress. and we need some because this is what happens january 1st if the president and congress don't make a deal. first, those so-called bush tax cuts will expire. which in essence means, a tax increase for every taxpayer. oh, and that 2% cut in the payroll taxes we've had to pay for the past two year, will also go away. and the number of small tax cuts for businesses and individuals, disappear. as well as unemployment benefits for the long-term unemployed. now, if that wasn't enough, there's that poison pill, too. mandatory cuts. $55 billion at the pentagon. another $55 billion in domestic programs. everything from the education department to the parks servi
that doesn't mean we have a deal at hand to end the so-called fiscal cliff. it is big. and it affects every one of us. >> we have some urgent business to do. >> reporter: after that big white house meeting, did it feel like someone took their foot off the gas pedal as we head toward a steep cliff? >> we had a constructive meeting with the president. >> it was a constructive meeting. >> reporter: sounds like some progress. and we need some because this is what...
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Dec 21, 2012
12/12
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to avoid that fiscal cliff at the end of the year. just last night, house speaker john boehner's so-called plan "b" to prevent tax increases failed in the house. >>> meantime, farmers are warning that milk prices could skyrocket to $6 or $8 a gallon. if congress fails to pass a new farm bill. >>> we have just learned that president obama will nominate john kerry as the next secretary of state to succeed hillary clinton. that official announcement is expected later this afternoon. and i think we should unlike this. it could soon cost you to send an e-mail on facebook. the company is testing out a new service that will charge $1 to guarantee that an e-mail you sent to a nonfriend gets into their inbox, reducing the chance of them mistaking it for spam. no. i hope you have a budget for that. >>> and finally, a special princess is celebrating a special birthday. disney's original princess, snow white. she looks great. she turned 75 today. she and the seven dwarfs was disney's first feature film, debuting on this day in 1937. walt disney c
to avoid that fiscal cliff at the end of the year. just last night, house speaker john boehner's so-called plan "b" to prevent tax increases failed in the house. >>> meantime, farmers are warning that milk prices could skyrocket to $6 or $8 a gallon. if congress fails to pass a new farm bill. >>> we have just learned that president obama will nominate john kerry as the next secretary of state to succeed hillary clinton. that official announcement is expected later...
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. >>> now, to the looming fiscal cliff. everyone's taxes go up on new year's day if no deal is reached. and diane sawyer got an exclusive look at where republicans stand from house speaker john boehner yesterday. abc's jon karl has more on that from washington. good morning, jon. >> reporter: good morning, george. the speaker of the house told diane he is confident he can strike a deal with the president. but he also took a hard line on the central issue dividing them, tax increases. >> i've made it clear to the president, and i think i said, laid out yesterday, that raising taxes on small businesspeople is the wrong prescription, given where our economy is. >> reporter: but raising taxes on the wealthy was a central issue of president obama's campaign. he talked about it in every, single campaign speech. >> the wealthiest americans got tax cuts. tax cuts. tax cuts. tax cuts. try a tax cut. another $5 trillion tax cut that favors the wealthy. that's not changed. >> reporter: in her exclusive interview thursday, diane sawyer
. >>> now, to the looming fiscal cliff. everyone's taxes go up on new year's day if no deal is reached. and diane sawyer got an exclusive look at where republicans stand from house speaker john boehner yesterday. abc's jon karl has more on that from washington. good morning, jon. >> reporter: good morning, george. the speaker of the house told diane he is confident he can strike a deal with the president. but he also took a hard line on the central issue dividing them, tax...
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investors have grown more concerned about the so-called fiscal cliff, now looming at the end of the year, in congress, when billions of dollars in tax cuts could expire. house speaker john boehner says he's willing to work a deal with president obama to prevent that from happening. >>> at least 48 people are dead, more than 100 missing this morning after a major earthquake in guatemala, near the mexico border. the 7.4 magnitude quake triggered landslides and collapsed dozens of buildings. we'll have updates as news becomes available. >>> and medical news. new evidence that statins may not just help with heart disease but also with cancer. a study just released in "the new england journal of medicine," looked at cholesterol-fighting statins and found cancer patients taking them at the time of their diagnosis were 15% less likely to die from the disease. >>> and bargain-hunters are getting a bigger headstart this year, as walmart kicks off the holiday shopping season earlier than ever. the company says it will begin rolling out discounts at 8:00 thanksgiving night, opening two hours earlie
investors have grown more concerned about the so-called fiscal cliff, now looming at the end of the year, in congress, when billions of dollars in tax cuts could expire. house speaker john boehner says he's willing to work a deal with president obama to prevent that from happening. >>> at least 48 people are dead, more than 100 missing this morning after a major earthquake in guatemala, near the mexico border. the 7.4 magnitude quake triggered landslides and collapsed dozens of...
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cliff. holding his first news conference since winning re-election, the president took a hard line on his bottom line. there will be no budget deal without raising taxes on the wealthy. >> when it comes to the top 2%, what i'm not going to do is to extend further a tax cut for folks who don't need it, which would cost close to $1 trillion. >> reporter: in his previous efforts to strike a so-called grand bargain with speaker of the house john boehner, the president proposed $800 billion in new tax revenues. but now, he is seeking twice that. $1.6 trillion in new taxes over the next ten years. that's a bitter pill for republicans to swallow. speaker boehner has called raising tax rates on anybody unacceptable. but he hasn't ruled out limiting deductions and closing loopholes. and that could be the outline of a possible deal. >> look at what the president had to say. look closer at what i had to say. there's no barriers here to sitting down and beginning to work through this process. >> reporte
cliff. holding his first news conference since winning re-election, the president took a hard line on his bottom line. there will be no budget deal without raising taxes on the wealthy. >> when it comes to the top 2%, what i'm not going to do is to extend further a tax cut for folks who don't need it, which would cost close to $1 trillion. >> reporter: in his previous efforts to strike a so-called grand bargain with speaker of the house john boehner, the president proposed $800...
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. >>> we're turning to the high stakes stalemate some washington over the fiscal cliff. everyone's taxes go up. massive spending cuts take hold in just 29 days if the white house and congress can't reach a deal. and they are barely talking right now. abc's jon karl has the latest. good morning, jon. >> reporter: good morning, george. with less than a month to go, the two sides are as far apart as they have ever been. overnight, the president released a new campaign-style video aimed squarely at republicans. >> we need to get tax relief to working families. >> reporter: this morning, about the only thing that the two sides agree on is that going over the so-called fiscal cliff would be a big blow to the economy. >> it would be very damaging to average americans. there's no doubt about it. >> going over the cliff will hurt our economy, will hurt our job creation in our country. it's not fair to the american people. >> reporter: without a deal to cut the deficit, almost everybody's income taxes will go up january 1st. it's more than that. there will be automatic cuts to def
. >>> we're turning to the high stakes stalemate some washington over the fiscal cliff. everyone's taxes go up. massive spending cuts take hold in just 29 days if the white house and congress can't reach a deal. and they are barely talking right now. abc's jon karl has the latest. good morning, jon. >> reporter: good morning, george. with less than a month to go, the two sides are as far apart as they have ever been. overnight, the president released a new campaign-style video...
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. >> quickly, george, on the fiscal cliff, the tax hikes that will go into effect on january 1st, the president is saying i want to raise taxes on rich people. the republicans said, no go. do you see any pathway to a deal here? >> there's going to have to be a pathway to a deal here. as you point out, you'll have a big hit on january 1st, spending cuts and tax increases. right now, both sides are dug in. there's some middle ground. is there a way to get new revenue out of the wealthy without raising their rates? >> george, thank you. as always, george has a must-watch show this morning. patty murray and saxby chambliss and his powerhouse roundtable. all coming up on "this week." >>> let's get over to ron claiborne with the other top stories. >>> good morning, everyone. >>> we begin with politics. they finally finished counting ballots in florida. the official winner in that state barack obama. president obama edged out mitt romney by 74,000 out of 8 million cast. the governor of florida will seek to see what it can do to improve the voting process in florida. many people waited as lon
. >> quickly, george, on the fiscal cliff, the tax hikes that will go into effect on january 1st, the president is saying i want to raise taxes on rich people. the republicans said, no go. do you see any pathway to a deal here? >> there's going to have to be a pathway to a deal here. as you point out, you'll have a big hit on january 1st, spending cuts and tax increases. right now, both sides are dug in. there's some middle ground. is there a way to get new revenue out of the...